Boston VA Loan Rates, Closing Costs & Stats

Boston-Cambridge-Newton, MA-NH

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Boston's 121 lenders originated 1,828 VA loans during 2024. The total origination value was $1,029,260,000, with an average VA loan value of $563,053.

    Boston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Boston averaged 0.38% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Boston's average VA mortgage closing costs are $7,473.

    The average rate for the prior week (2025-06-27) was 6.81% and one month ago for the week of 2025-05-30, the average rate was 6.64%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.36%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Boston VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Boston level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 227 6.34% $10,857
    UNITED WHOLESALE MORTGAGE, LLC 171 5.89% $9,138
    QUICKEN LOANS, LLC 116 5.97% $12,177
    FREEDOM MORTGAGE CORPORATION 104 6.12% $10,858
    GUARANTEED RATE, INC. 100 6.01% $6,374
    CMG MORTGAGE, INC. 78 6.34% $10,533
    CROSSCOUNTRY MORTGAGE, LLC 73 6.30% $9,283
    PENNYMAC LOAN SERVICES, LLC 64 5.72% $9,040
    LOANDEPOT.COM, LLC 62 6.12% $11,899
    NAVY FEDERAL CREDIT UNION 52 5.92% $7,901
    MOVEMENT MORTGAGE, LLC 47 6.27% $9,557
    The Federal Savings Bank 41 6.17% $22,252
    GUILD MORTGAGE COMPANY 39 6.15% $10,332
    USAA Federal Savings Bank 38 6.10% $12,866
    Leader Bank 37 6.10% $7,547
    NEWREZ LLC 33 5.93% $10,076
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 6.49% $9,277
    EMM LOANS LLC 24 6.20% $11,598
    VILLAGE CAPITAL MORTGAGE 23 5.64% $10,262
    LAKEVIEW LOAN SERVICING, LLC 18 5.64% $8,197
    GUARANTEED RATE AFFINITY, LLC 16 6.25% $5,853
    Mr. Cooper ( Nationstar Mortgage ) 14 6.26% $10,598
    NBKC BANK 14 5.66% $6,539
    BROKER SOLUTIONS, INC. 13 6.34% $10,650
    Magnolia Bank 13 5.47% $22,025
    TOTAL MORTGAGE SERVICES, LLC 13 6.42% $13,364
    RADIUS FINANCIAL GROUP INC. 12 6.27% $14,669
    SALEM FIVE MORTGAGE COMPANY, LLC 11 6.31% $15,253
    MUTUAL OF OMAHA MORTGAGE, INC. 11 5.95% $17,344
    NEW DAY FINANCIAL, LLC 11 7.67% $15,782
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.02% $9,563
    First Federal Bank 11 5.77% $9,045
    MORTGAGE EQUITY PARTNERS LLC 8 6.08% $14,417
    Keystone Funding, Inc. 7 6.13% $14,448
    NORTHPOINT MORTGAGE, INC. 7 6.02% $14,129
    Barrington Bank & Trust Company, N.A. 7 5.82% $10,131
    HARBORONE MORTGAGE, LLC 7 6.13% $4,621
    ENVOY MORTGAGE, LTD 7 6.32% $11,649
    Presidential Bank, FSB 6 6.19% $12,054
    AMERICAN FINANCIAL NETWORK, INC. 6 6.04% $15,205
    MSA MORTGAGE, LLC 6 6.00% $8,534
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.77% $14,921
    Flagstar Bank, FSB 6 6.05% $9,494
    Armed Forces Bank 6 5.98% $11,114
    PENTAGON FEDERAL CREDIT UNION 5 5.85% $6,537
    FIRST MORTGAGE COMPANY, INC. 5 6.67% $8,765
    HOMESIDE FINANCIAL, LLC 4 7.06% $16,082
    PHH Mortgage Corporation 4 5.34% $12,212
    Texana Bank 4 6.03% $18,193
    HANSCOM 4 6.41% $8,290
    Rockland Trust Company 3 6.71% $14,106
    JPMorgan Chase Bank 3 6.37% $1,162
    U.S. Bank 3 6.33% $13,656
    NORWICH COMMERCIAL GROUP, INC. 3 6.25% $10,316
    Northpointe Bank 3 5.67% $9,994
    LEADERONE FINANCIAL CORPORATION 3 6.71% $4,419
    BAY EQUITY LLC 3 6.33% $9,010
    BAYCOAST MORTGAGE COMPANY, LLC 3 6.17% $5,334
    PLANET HOME LENDING, LLC 3 4.71% $3,361
    NATIONS DIRECT MORTGAGE, LLC 3 6.04% $10,657
    ALLIED MORTGAGE GROUP, INC. 3 6.33% $6,882
    AMERISAVE MORTGAGE CORPORATION 3 5.96% $21,059
    RELIANCE FIRST CAPITAL, LLC 3 5.92% $33,144
    ZILLOW HOME LOANS, LLC 2 6.75% $6,895
    Ameris Bank 2 5.94% $24,029
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.94% $7,722
    Bridgewater Savings Bank 2 6.00% $11,433
    CARDINAL FINANCIAL 2 5.62% $6,703
    CHURCHILL MORTGAGE CORPORATION 2 6.75% $8,267
    DREW MORTGAGE ASSOCIATES, INC. 2 5.75% $10,545
    Easthampton Savings Bank 2 6.13% $8,944
    EMBRACE HOME LOANS, INC. 2 6.13% $15,972
    EQUITY RESOURCES, INC. 2 6.75% $5,517
    Evolve Bank & Trust 2 6.50% $4,985
    FIRST COMMUNITY MORTGAGE, INC. 2 6.50% $14,007
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $4,604
    JMAC LENDING, INC. 2 5.75% $16,599
    Lakeview Community Capital, LLC 2 5.50% $5,842
    NATIONS RELIABLE LENDING, LLC 2 6.44% $7,828
    NEW FED MORTGAGE, CORP. 2 6.19% $14,148
    Paramount Residential Mortgage Group, Inc. 2 6.50% $11,885
    Plains Commerce Bank 2 6.00% $7,322
    Prosperity Home Mortgage, LLC 2 6.25% $5,275
    TD Bank 2 6.88% $2,254
    The Washington Trust Company, of Westerly 2 6.13% $6,896
    TJC Mortgage, Inc. 2 6.13% $7,693
    FIRST HOME MORTGAGE CORPORATION 1 7.13% $9,830
    PLAZA HOME MORTGAGE, INC. 1 5.63% $3,720
    PNC Bank 1 7.25% $22,933
    POLARIS HOME FUNDING CORP. 1 7.00% $14,002
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $3,963
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $14,573
    FBC MORTGAGE, LLC 1 6.25% $6,796
    AMERICAN FINANCING CORPORATION 1 5.25% $17,857
    Fall River Five Cents Savings Bank 1 5.75% $10,294
    Equity Prime Mortgage LLC 1 6.75% $20,249
    Eastern Bank 1 6.13% $4,574
    Republic State Mortgage Co. 1 5.25% $20,202
    Residential Mortgage Solutions, Inc. 1 6.25% $21,498
    CONTOUR MORTGAGE CORPORATION 1 6.25% $25,682
    Citizens Bank 1 6.38% $4,527
    Semper Home Loans, Inc. 1 6.75% $10,553
    Service Federal Credit Union 1 6.25% $8,164
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $12,196
    SUN WEST MORTGAGE COMPANY, INC. 1 6.63% $32,992
    TBI MORTGAGE COMPANY 1 6.00% $6,145
    Waterstone Mortgage Corporation 1 6.00% $17,040
    Carrington Mortgage Services, LLC 1 5.25% $11,708
    The Camden National Bank 1 6.00% $11,648
    Bank of England 1 5.88% $24,862
    Wells Fargo Bank 1 6.25% $15,934
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $3,588
    AmeriHome Mortgage Company, LLC 1 5.63% $3,228
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $17,628
    American Mortgage & Equity Consultants, Inc. 1 6.25% $5,330
    Paramount Bank 1 6.50% $24,119
    AMERICAN INTERNET MORTGAGE, INC. 1 5.25% $3,324
    NATION ONE MORTGAGE CORPORATION 1 7.25% $1,495
    MORTGAGE ACCESS CORP. 1 6.50% $29,281
    LOANPAL, LLC 1 5.25% $25,758
    Uwharrie Bank 1 5.75% $8,242

    The top Boston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 227 VA loans originated. Their average total fees are $10,857, which is $1,720 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Boston VA lenders (with over 10 loans originated) are GUARANTEED RATE AFFINITY, LLC ($5,853), GUARANTEED RATE, INC. ($6,374), NBKC BANK ($6,539), Leader Bank ($7,547) and NAVY FEDERAL CREDIT UNION ($7,901).

    The lowest rate Boston VA lenders (with over 10 loans originated) are Magnolia Bank (5.47%), LAKEVIEW LOAN SERVICING, LLC (5.64%), VILLAGE CAPITAL MORTGAGE (5.64%), NBKC BANK (5.66%) and PENNYMAC LOAN SERVICES, LLC (5.72%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.